The Association of British Insurers (ABI) has welcomed Gordon Brown's decision not to raise insurance premium tax (IPT) in today's (Wednesday 17 April) budget.
An ABI spokesman said: "The government listened to our argument that it was already getting £400m a year more, due to higher premiums."
He said the ABI would have liked a reduction in IPT.
"They could have done this and still got in the amount they wanted," he said.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
